In Terms of Total Fees Paid to Executive Search Firms,which

question 12

Multiple Choice

In terms of total fees paid to executive search firms,which of the following is false?

• A) A retainer is paid as soon as the search is commissioned.
• B) The retainer paid amounts to one-third the total fee.
• C) One-third is paid 90 days into the assignment.
• D) The last third is paid upon completion,plus expenses.

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Definitions:

Worker

An individual engaged in some form of productive labor, either as an employee, contractor, or self-employed person, contributing to the production of goods and services.

Producer Surplus

The difference between the amount a producer is paid for a good compared to the least amount they would accept to produce the good.

Tax

An inescapable financial demand or another sort of fee imposed on a taxpayer by an arm of the government to fulfill government spending requisites and diverse expenditures for public services.

Good

An item or product that can be bought, sold, or provided in an exchange and is intended to satisfy a want or need.